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Apple to account for bulk of S&P 500's Euro zone growth in Q2

post #1 of 60
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Apple's second quarter European region revenue is expected to see a 32.3 percent surge that will eclipse all other S&P 500 companies, a surprising statistic given the economic situation in the region.

According to research firm FactSet (via Business Insider), out of the ten largest S&P 500 companies by market capitalization that offer revenue breakdowns by region, Apple will be just one of three to report any sizable growth in Europe.

Earnings reports for the first quarter revealed that an average of 22.6 percent of sales for the ten companies was generated in Europe, with the region accounting for 22.5 percent of Apple's revenue. Preliminary data shows that profits will dry up for most American companies in the second quarter as the area suffers through government debt and high unemployment rates.

Bucking the trend, however, will be Apple which is expected to post second quarter growth of 32.3 percent year-over-year, well above runner-up Intel's 4.5 percent bump over the same period. The iPhone maker will account for most of the IT sector's earnings and sales growth rates which will respectively be third and second highest among the S&P 500's ten sectors. Without Apple, the tech sector's sales growth rate would fall from an expected 6.6 percent to 3.4 percent and earnings growth would drop from 4 percent to -1.7 percent.

Euro Growth
Source: FactSet


The overall second quarter growth rate for the S&P 500 is set to come in at 3.2 percent and, if reached, would mark the 11th consecutive quarter of growth for the index. This is largely contingent on strong growth from Apple and Bank of America and without the two top performers the index's growth would fall to -2.1 percent.
post #2 of 60
Quote:
Originally Posted by AppleInsider View Post

Apple's second quarter European region revenue is expected to see a 32.3 percent surge that will eclipse all other S&P 500 companies, a surprising statistic given the economic situation in the region

OTOH, not that surprising for Europe, as we tend to buy things without paying for them. The Netherlands alone has an outstanding debt of 13 billion (*), and that is just from consumers, not government. For a large part spend on CE.

* please note we use long scale over here, so that is 13*10^9
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post #3 of 60
Wow, we have data for only 10 companies (including Apple) out of 500, and you describe Apple's sales growth as the bulk of the S&P 500's Euro Zone growth? Bulk meaning majority.

Somebody doesn't know their maths.

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post #4 of 60
Quote:
Originally Posted by JONOROM View Post

Wow, we have data for only 10 companies (including Apple) out of 500, and you describe Apple's sales growth as the bulk of the S&P 500's Euro Zone growth? Bulk meaning majority.
Somebody doesn't know their maths.

And beyond that, they didn't even choose the largest companies for their comparison. They only chose 10 of the 25 largest ones.
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post #5 of 60
A depreciating euro (in the process of getting to its inevitable collapse) will take a toll on Apple's earnings growth.

Thank goodness for China, at least in the short run.
post #6 of 60

I am sorry but Apple has been evading tax in several countries in Europe. So I can not take it serious when you say that they made lots of benefit. I live in Spain and I would like to send you this article. It is in spanish but you can easily translate it through a translation page. And this is true for every country in Europe since the HQ is in Ireland and the same scheme applies to all other countries. You can also find more information in NY Times. I use Apple products now but the more consumer line they go the less attractive they become for me. I know it is ok to build products for everyone but they are losing the edge (especially with the new operating systems) to other competitors. Apple is not what it used to be anymore and I believe the things are going to get worse. At least for professionals, maybe not for the basic consumer...

 

http://economia.elpais.com/economia/2012/05/20/actualidad/1337547016_498517.html

 

http://news.yahoo.com/apple-evades-billions-corporate-taxes-ny-times-reports-143635000.html

post #7 of 60
Quote:
Originally Posted by underfunk View Post

I am sorry but Apple has been evading tax in several countries in Europe.

I would certainly hope so! They're a public trading company; it is their goal to maximize profits. Why don't you see this? And welcome to the forum.

edit: the picture of the store in your link looks smaller than it really is:

333

320
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post #8 of 60
Quote:
Originally Posted by underfunk View Post

I am sorry but Apple has been evading tax 

Note that the articles talk about taxes on profits, not any other taxes. They have already paid taxes on sales, buildings, employees salaries, etc.

post #9 of 60
Quote:
Originally Posted by JONOROM View Post

Wow, we have data for only 10 companies (including Apple) out of 500, and you describe Apple's sales growth as the bulk of the S&P 500's Euro Zone growth? Bulk meaning majority.
Somebody doesn't know their maths.

"the ten largest S&P 500 companies by market capitalization that offer revenue breakdowns by region,"

Likely the other's don't have a (public) breakdown by region

 

But it's like saying that I have the largest percentage of posts in this forum by people with the name of Chris, who have posted in this topic...

post #10 of 60

No, the most valuable company in the world won't be a big contributer to economic growth. *sarcasm*

 

 


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post #11 of 60
Quote:
Originally Posted by JONOROM View Post


Somebody doesn't know their maths.

 

Somebody doesn't know their English. ;)

post #12 of 60
Quote:
Originally Posted by underfunk View Post

I am sorry but Apple has been evading tax in several countries in Europe.


More click bait.

'Evade' is a vague term.

If 'evade' means illegal avoidance of taxes, there's absolutely no evidence that Apple has done that. I wouldn't discount the possibility that any global company might make an error in interpreting the thousands of different tax laws they have to deal with, but there is no evidence that Apple has done so - and clearly no evidence that they have done so intentionally.

If 'evade' means reducing your tax burden via legal means, that's entirely true. Apple has an obligation to its shareholders to maximize returns and paying more in taxes than they are legally obligated to do would be foolish.
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post #13 of 60
Quote:
Originally Posted by ankleskater View Post

 

Somebody doesn't know their English. ;)

Maths (plural) is also proper usage, more common in Europe than the US.

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post #14 of 60

Ha!  Just a bunch of WAGs from financial analysts. (yeah, they're always right on mark <sarcasm>). All presented to you from some entity called FactSet (that's funny)

post #15 of 60
Quote:
Originally Posted by Chris_CA View Post

"the ten largest S&P 500 companies by market capitalization that offer revenue breakdowns by region,"

Likely the other's don't have a (public) breakdown by region

Highly unlikely. Pretty much every public company with non-US sales reports by geographic segments, often broken down in a standard fashion (for comparison purposes).
post #16 of 60
Quote:
Originally Posted by isaidso View Post

Ha!  Just a bunch of WAGs from financial analysts. (yeah, they're always right on mark ). All presented to you from some entity called FactSet (that's funny)

To whom else woud you turn for financial analysis?!
post #17 of 60
Quote:
Originally Posted by PhilBoogie View Post

OTOH, not that surprising for Europe, as we tend to buy things without paying for them. The Netherlands alone has an outstanding debt of 13 billion (*), and that is just from consumers, not government. For a large part spend on CE.
* please note we use long scale over here, so that is 13*10^9

Your remark is bit strange considering the reputation of US citizens (think of credit card loans for example); I'am sure they laugh about a tiny loan of 700€ or so, that's probably the equivalent of only one credit card (and they usually have 20 or more).
Another point is that the Dutch also save more money than anyone else and have every insurance you can think of.

J.
post #18 of 60
Quote:
Originally Posted by ankleskater View Post

 

Somebody doesn't know their English. ;)

 

 

I always felt that the English/European expression - "maths" - implies that math is not singular and absolute, but rather multiple, relative and indefinite, perhaps even untrustworthy. Thus "maths" seemed appropriate in this context.

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post #19 of 60

'Eurozone' is one word that refers to country that have adopted the Euro (€). From the title, you are saying that these figures do not include the United Kingdom, Switzerland, Norway etc.

post #20 of 60
Quote:
Originally Posted by PhilBoogie View Post

I would certainly hope so! They're a public trading company; it is their goal to maximize profits. Why don't you see this? And welcome to the forum.
edit: the picture of the store in your link looks smaller than it really is:
333
320

You are either a masochist or banker, publicly traded companies (financial institutions) brought America and Europe to its knees precisely by figuring out elaborate schemes to evade paying their fair share back to societies. The ones that had to bail them out so they could keep enjoying the same level of obscenely large bonuses for their execs.

Apple is no exception here and should certainly not be commended for playing one euro country against the other, pocketing politicians, and figuring out schemes to pay as little as they can back to the Eurozone on the whole.
post #21 of 60
Quote:
Originally Posted by myapplelove View Post


You are either a masochist or banker, publicly traded companies (financial institutions) brought America and Europe to its knees precisely by figuring out elaborate schemes to evade paying their fair share back to societies. The ones that had to bail them out so they could keep enjoying the same level of obscenely large bonuses for their execs.
Apple is no exception here and should certainly not be commended for playing one euro country against the other, pocketing politicians, and figuring out schemes to pay as little as they can back to the Eurozone on the whole.

OK. first of all i want to say that I am responding to your comment as a person who is a life long ""Liberal"" (That's me).

...Please stop talking.  You are not helping, and you clearly don't know what you are talking about. You just give Repubs more ammunition.

post #22 of 60
Quote:
Originally Posted by PhilBoogie View Post



333

 

I have nothing substantive to contribute to the discussion.

 

I just wanted to say that the woman on the right looks hot, and I like her outfit a lot. :)

 

Sorry.

post #23 of 60

Government, liberals and "conservatives", who can't seem to control their spending, have brought The Unites States of America and European countries their knees. I'm more embarrassed for the conservatives who claim to be, but are not. This from a conservative.


Edited by fahlman - 6/9/12 at 6:06pm
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post #24 of 60
Quote:
Originally Posted by AaronJ View Post

I have nothing substantive to contribute to the discussion.

I just wanted to say that the woman on the right looks hot, and I like her outfit a lot. 1smile.gif

Sorry.

You beat me to it. She's wearing the f out of those pants.
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post #25 of 60
Quote:
Originally Posted by isaidso View Post

OK. first of all i want to say that I am responding to your comment as a person who is a life long ""Liberal"" (That's me).
...Please stop talking.  You are not helping, and you clearly don't know what you are talking about. You just give Repubs more ammunition.

I am sorry to say you don't know what you are talking about. I was very clear and concise in what I said, and I summed up the crux of the political debate in Europe at the moment, with some simplifications and blanket statements of course but I am not here to write diatribes. Whoever gets it, gets it, and should have got it by 2008. Apple isnt goldman, and its not a speculating finance firm, but that does not exclude it from the underegulated global capital category.

If your level of liberalism goes this far you might want to start reading the guardian instead of the nyt and get a clue as to why a lot of people in Europe (as well as the states) refer to your two major political parties in the as the democans and the republicrats, and why socialism is equated with Stalinism in your mainstream political discourse.

And apple should bloody well start paying their proper taxes in Europe instead of solely "maximising" their profit... The poster from Spain was absolutely right. Spain is reaching 20% official unemployment levels, and pretty soon young people might be looting apple stores instead of saving to buy their macs seeing as they don't have jobs, while Tim Cook feels self important talking at Goldman conferences. Apple should choose if they want to keep paying their taxes in Ireland and Luxembourg or pay said share of tax in Spain. The same people who were forewarning about 2008 are warning apple type multinationals right know that they have a choice...
post #26 of 60
:no:Double post.
Edited by myapplelove - 6/9/12 at 5:45pm
post #27 of 60
Quote:
Originally Posted by myapplelove View Post

And apple should bloody well start paying their proper taxes in Europe instead of solely "maximising" their profit... The poster from Spain was absolutely right. Spain is reaching 20% official unemployment levels, and pretty soon young people might be looting apple stores instead of saving to buy their macs seeing as they don't have jobs, while Tim Cook feels self important talking at Goldman conferences.

 

Screw Spain and screw the "eurozone". Their dire and pathetic economic situation has nothing to do with Apple. It's their own fault, based on pathetic and failed economic models combined with brain dead political policies.

 

On the contrary, it is the euro situation that has been messing with AAPL and the stock market in general, keeping prices down, because lately, there's always some negative news about countries going bankrupt over there, which keeps the whole market down. Let them go bankrupt and get it over with already.

post #28 of 60
Quote:
Originally Posted by myapplelove View Post

Apple ... should certainly not be commended for playing one euro country against the other, pocketing politicians, and figuring out schemes to pay as little as they can back to the Eurozone on the whole.

Boo hoo hoo.

 

Poor EU politicians.... (when they're not busy dragging the world economy into a cesspool thanks to their idiocy).

post #29 of 60
Quote:
Originally Posted by anantksundaram View Post


Highly unlikely. Pretty much every public company with non-US sales reports by geographic segments, often broken down in a standard fashion (for comparison purposes).

-> http://www.factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_6.8.12

"Of the top 25 companies in the S&P 500 by market capitalization (based on closing prices from June 7), ten provided a geographic breakdown of sales for Q1 2012 including Europe. On average, these ten companies generated 22.6% of sales from Europe. Oracle and IBM are at the high end of the list, with nearly 31% of sales coming from Europe in Q1 2012. Coca-Cola is at the bottom of the list, with just under 11% of sales coming from Europe in Q1 2012. The other top 15 companies by market capitalization did not provide sales numbers for Europe for the quarter. "

post #30 of 60
Quote:
Originally Posted by Apple ][ View Post

 

Screw Spain and screw the "eurozone". Their dire and pathetic economic situation has nothing to do with Apple. It's their own fault, based on pathetic and failed economic models combined with brain dead political policies.

Uh? This is nonsense as well. Tell me -- if you have the remotest clue -- how what's happening in Spain or Ireland is "...their own fault, based on pathetic and failed economic models combined with brain dead political policies"? 

post #31 of 60
Quote:
Originally Posted by anantksundaram View Post

Boo hoo hoo.

Poor EU politicians.... (when they're not busy dragging the world economy into a cesspool thanks to their idiocy).

You might be referring to the bozo you had elected for president, the "c student" from Yale who had whole websites with quote after quote attesting to his grammatical, logical, and general knowledge idiocy, as well as his poor tact, decorum and manners, and who oversaw an office full of wall street pawns that were speculating at 30/1 exposures and their greed was such they thought the markets couldn't crash...
post #32 of 60
Quote:
Originally Posted by Chris_CA View Post

-> http://www.factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_6.8.12

"Of the top 25 companies in the S&P 500 by market capitalization (based on closing prices from June 7), ten provided a geographic breakdown of sales for Q1 2012 including Europe. On average, these ten companies generated 22.6% of sales from Europe. Oracle and IBM are at the high end of the list, with nearly 31% of sales coming from Europe in Q1 2012. Coca-Cola is at the bottom of the list, with just under 11% of sales coming from Europe in Q1 2012. The other top 15 companies by market capitalization did not provide sales numbers for Europe for the quarter. "

Groan. What a waste of time. You could easily have looked this up.

 

For example, the #11 to #13 companies are P&G, Coca Cola, Pfizer. Here's Coca Cola's geographic segment data: http://www.sec.gov/cgi-bin/viewer?action=view&cik=21344&accession_number=0000021344-12-000023&xbrl_type=v# (once you get there, you have to go into "Notes to Financial Statements ", and then into "Operating Segments").

 

I am sure that you can trouble yourself to look up the other 14. I am too lazy.

post #33 of 60
Quote:
Originally Posted by myapplelove View Post


You might be referring to the bozo you had elected for president, the "c student" from Yale who had whole websites with quote after quote attesting to his grammatical, logical, and general knowledge idiocy, as well as his poor tact, decorum and manners, and who oversaw an office full of wall street pawns that were speculating at 30/1 exposures and their greed was such they thought the markets couldn't crash...

How does this remotely relate to the point you were trying to make about Apple and taxes?

 

I am confused.

post #34 of 60
Quote:
Originally Posted by anantksundaram View Post

Groan. What a waste of time. You could easily have looked this up.

Me or FactSet?

I don't care about it.

post #35 of 60
Quote:
Originally Posted by Chris_CA View Post

I don't care about it.

Then, (i) Why make the original statement you did; (ii) Why bother to bring this up?

post #36 of 60
Quote:
Originally Posted by myapplelove View Post


You might be referring to the bozo you had elected for president, the "c student" from Yale who had whole websites with quote after quote attesting to his grammatical, logical, and general knowledge idiocy, as well as his poor tact, decorum and manners, and who oversaw an office full of wall street pawns that were speculating at 30/1 exposures and their greed was such they thought the markets couldn't crash...

"C student" might be a little optimistic. Obama's records have never been released. They're hiding them.

post #37 of 60
Quote:
Originally Posted by anantksundaram View Post

Uh? This is nonsense as well. Tell me -- if you have the remotest clue -- how what's happening in Spain or Ireland is "...their own fault, based on pathetic and failed economic models combined with brain dead political policies"? 

Going into detail would be too political, and those kind of posts would just get erased.

post #38 of 60
Quote:
Originally Posted by Apple ][ View Post

"C student" might be a little optimistic. Obama's records have never been released. They're hiding them.

Please. This is not intended as a political comment (although you may have trouble believing that, given how political you are). You don't need grades to make a comparison of intellects. It's not even a serious contest.

lol.gif

post #39 of 60
Quote:
Originally Posted by Apple ][ View Post

Going into detail would be too political, and those kind of posts would just get erased.

Send me a PM if you can show me otherwise. I'll acknowledge that you are correct here, without getting into the details.

 

Let me suggest that you can't, with respect to Spain and Ireland, since the facts won't back you up. 

 

Add: I should probably caution you that, in the case of Ireland, the facts will go against the grain of just about every single thing that the US rightwing holds up as panacea: low taxes, minimal regulation, budget deficits not out of control....


Edited by anantksundaram - 6/9/12 at 7:50pm
post #40 of 60

Originally Posted by anantksundaram View Post

Then, (i) Why make the original statement you did

 

You really can't follow your own posts or those you respond to very well, can you?

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